17.

Segments

The Company manages its international market and its U.S. market as separate reportable operating segments, with the international segment consisting of operations in Brazil, Argentina, Chile, Colombia, Peru, Ecuador, Honduras, El Salvador, Nicaragua, Costa Rica, Panama, Guatemala, and Bolivia. Each segment’s revenue is derived from admissions and concession sales and other ancillary revenues, primarily screen advertising. The measure of segment profit and loss the Company uses to evaluate performance and allocate its resources is Adjusted EBITDA, as defined in the reconciliation table below. The Company does not report total asset information by segment because that information is not used to evaluate the performance of or allocate resources between segments.

Below is a breakdown of selected financial information by reportable operating segment:


	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Revenues
U.S.	$	524,485		$	517,109		$	969,405		$	883,472
International		196,881			211,879			357,073			396,072
Eliminations		(3,503	)		(3,366	)		(6,335	)		(6,149	)

Total revenues	$	717,863		$	725,622		$	1,320,143		$	1,273,395

Adjusted EBITDA
U.S.	$	120,871		$	128,697		$	214,411		$	208,775
International		48,484			49,327			83,499			85,505

Total Adjusted EBITDA	$	169,355		$	178,024		$	297,910		$	294,280

Capital expenditures
U.S.	$	30,483		$	29,631		$	60,795		$	35,787
International		19,274			23,868			41,768			54,601

Total capital expenditures	$	49,757		$	53,499		$	102,563		$	90,388

The following table sets forth a reconciliation of net income to Adjusted EBITDA:


	Three Months Ended June 30,						Six Months Ended June 30,
	2014			2013			2014			2013
Net income	$	72,134		$	20,837		$	107,830		$	53,899
Add (deduct):
Income taxes		24,081			8,722			44,943			19,340
Interest expense ⁽¹⁾		28,286			34,458			56,766			67,064
Loss on early retirement of debt		—			72,302			—			72,302
Other income ⁽²⁾		(6,455	)		(609	)		(14,141	)		(5,163	)
Depreciation and amortization		43,881			38,734			86,377			77,766
Impairment of long-lived assets		430			1,101			784			1,945
(Gain) loss on sale of assets and other		3,276			(2,801	)		6,129			(3,143	)
Deferred lease expenses		249			1,213			1,848			2,103
Amortization of long-term prepaid rents		407			729			785			1,379
Share based awards compensation expense		3,066			3,338			6,589			6,788

Adjusted EBITDA ⁽³⁾	$	169,355		$	178,024		$	297,910		$	294,280

⁽¹⁾	Includes amortization of debt issue costs.

⁽²⁾	Includes interest income, foreign currency exchange gain (loss) and equity in income of affiliates and excludes distributions from NCM.

⁽³⁾	Distributions from NCM are reported entirely within the U.S. operating segment.

Financial Information About Geographic Areas

Below is a breakdown of selected financial information by geographic area:


	Three Months Ended June 30,						Six Months Ended June 30,
Revenues	2014			2013			2014			2013
U.S.	$	524,485		$	517,109		$	969,405		$	883,472
Brazil		97,501			82,686			172,900			164,803
Other international countries		99,380			129,193			184,173			231,269
Eliminations		(3,503	)		(3,366	)		(6,335	)		(6,149	)

Total	$	717,863		$	725,622		$	1,320,143		$	1,273,395


Theatre Properties and Equipment-net	June 30, 2014		December 31, 2013
U.S.	$	1,054,954	$	1,062,471
Brazil		234,325		201,492
Other international countries		156,347		163,227

Total	$	1,445,626	$	1,427,190